Let me ask you, big picture, Mr. Secretary, you said earlier this month I'm going to quote you quote, I think there are sectors of the economy that are in a recession. Kevin Hassett, director of the National Economic Council said, quote, we're starting to see pockets of the economy that look like they might be in a recession. Which parts of the economy do you believe have dipped into a recession? Well, clearly housing has been struggling and the so interest rate sensitive sectors have been in a recession. (04:48–04:57)
CLAIM
Asserts that there are pockets of the economy that may be in a recession.
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